Magellan Financial Group is set to float a new ASX-listed investment trust, the Magellan Global Trust (MGT). The Trust will invest in a focused portfolio of high quality global companies and it intends to target a 4% cash distribution yield. MGT will be a closed-end investment trust listed on the ASX which will invest in a portfolio of between 15 and 35 companies of "high quality" global companies. The investment...